NEW
YORK, July 1, 2024 /PRNewswire/ -- The global
surfboard market size is estimated to grow by USD 4.80 billion from 2024-2028, according to
Technavio. The market is estimated to grow at a CAGR of
9.2% during the forecast period. This growth
is being driven by a number of factors, including:
- The rising popularity of surfing as a recreational
activity
- The development of new and innovative surfboard designs
- The increasing availability of educational surfing courses
The surfboard market is also being driven by the growing trend
of eco-friendly and sustainable products. Consumers are
increasingly looking for surfboards made from recycled materials or
with production methods that have a lower environmental impact.
Research report provides comprehensive data on impact of trend.
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However, the surfboard market also faces some challenges. The
increasing adoption of do-it-yourself (DIY) surfboards is posing a
challenge to traditional surfboard manufacturers. Additionally,
bodysurfing and stand-up paddleboarding (SUP) are growing trends
that could cannibalize sales of surfboards.
Despite these challenges, the surfboard market is expected to
continue to grow in the coming years. The increasing popularity of
surfing and the development of new and innovative surfboard designs
are expected to drive market growth.
Learn and explore more about Technavio's in-depth
research reports
Catamaran Market: The catamaran market is experiencing robust
growth, driven by increasing demand for luxury and recreational
boating worldwide. With innovations in design and technology,
catamarans offer superior stability and spaciousness, appealing to
both leisure seekers and commercial operators alike.
Football Market: The football market continues to thrive with
passionate global fan engagement and lucrative commercial
opportunities. From major leagues to grassroots initiatives, the
sport's popularity fuels sponsorship deals, media rights sales, and
merchandise sales, making it a cornerstone of the global sports
industry's economic ecosystem.
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SOURCE Technavio